Based on past experience, this suggests that bullish momentum may be building up in the near future as old Bitcoin holders return to the market. Currently, Bitcoin appears to be consolidating around the $62,000 range.The increase in trading volume suggests that Bitcoin could be preparing for a more significant move in the market, potentially retesting the $65,000 mark.
Bitcoin (BTC) surged above $66,000 on September 27, indicating that the journey towards $70,000 has begun. The breakout above $65,000 on September 26 spurred buying activity in U.S. spot Bitcoin ETFs, which saw inflows of $365.7 million. The rally is not limited to Bitcoin, as select altcoins have also rallied sharply from recent lows, suggesting that sentiment in the crypto space has turned bullish.
Too closely monitoring BTC and the models show that, with the MA200 line with a period of 1 hour, it is realized that BTC will decrease in price to the 48k -43k#btc $BTC area. After that, depending on the market situation, there will be a recovery to the range of $70k to $80k. Along with that, the coins in the ecosystem decreased. People trade cautiously and consider before investing. Wishing you good luck.#CryptoTradingGuide Please give me your opinion
$💘BNB technical analysis BNB (BNB) started a correction from $722 on June 6, showing that short-term traders are taking profits. The key support to watch on the downside is the 20-day EMA ($639). If the price rebounds from the 20-day EMA with strength, this shows that sentiment remains positive and traders are buying on the dips. That will increase the likelihood of a continuation of the uptrend. The BNB/USDT pair could then rise to the pattern's target of $775. This positive view will be invalidated in the near term if the price continues to decline and breaks below the breakout level of $635. That could trap the aggressive bulls and drag the pair down to the uptrend line.
💘INJ technical analysis Injective (INJ) has formed an ascending triangle pattern, which will complete on a breakout and close above $29.93. The 20-day EMA ($26.15) has started to gradually increase and the RSI has jumped into the positive zone, showing that the bulls have a slight advantage. If buyers overcome the barrier at $29.93, the INJ/USDT pair is likely to regain momentum and surge to $36.50, ultimately targeting the pattern at $41.74. The 4-hour chart shows that the bulls pushed the price above the overhead resistance at $29.93 but could not sustain the breakout. This shows that the bears are selling aggressively above $29.93. Price fell and broke below the 20 EMA but quickly recovered near the 50 SMA. The bulls will again attempt to scale above the resistance zone between $29.93 and $31. If they do that, the pair is likely to start a new uptrend. The bears will prevail when the price breaks below the SMA 50. #TopCoinsJune2024 #binance $BNB #INJ💯
💘MATIC is showing some positive signals. By looking at key indicators like the 100 EMA, the baseline we can spot a potential price rally.
✨️Polygon (MATIC) Technical Outlook Analyze the price movement of Polygon (MATIC) using the daily chart, focusing on the 100 EMA, baseline and Kumo cloud of the Ichimoku indicator.
💗EMA 100 (blue) is an important resistance level as MATIC price has continuously traded below it for the past 2 months. Maintaining trading below the 100 EMA emphasizes the bearish trend. Notably, the most recent attempt to break above the 100 EMA occurred on April 9. However, the attempt was met with significant selling pressure, further reinforcing the bearish sentiment.
💞A smart contract is a self-executing contract with the terms of the agreement written directly into the code. They run on blockchain networks like Ethereum and Polygon. When the conditions specified in the code are met, the contract is automatic.
❤️During the period given, the percentage of MATIC in smart contracts showed volatility. There is a decrease at the beginning of the period, followed by a steady increase. Around mid-April, there was a significant jump in the percentage, indicating an increase in smart contract activity on the Polygon network.
💘Raboo skyrocketed among the top/trending meme coins in June
💗Upstart crypto project Raboo is making a strong case as the next Top 100 candidate in June. Entering phase 4 of its presale, Raboo has raised $1.6 million, for saw widespread interest in its unique value proposition. Combining AI technology and internet meme culture, Raboo allows holders to earn $RABT tokens by creating and distributing memes and participating in community-led competitions. This post monetization mechanism generates a constant stream of user-generated content, driving interest and token price, creating a self-sustaining project with strong upside potential.
💞Prospective investors can purchase Raboo at a discounted price of just $0.0048 per $RABT token, representing the perfect entry price for a project virtually programmed for explosive price growth . A 100x gain is possible post-launch, giving potential investors an attractive investment outlook for 2024 and beyond.
💔So #SHIB and #FLOKI✅ Shiba Inu and Floki remain two of the most trending meme coins. However, their explosive upside potential is limited due to their large market capitalization. Meanwhile, Raboo has not yet reached its peak. Have never been. Raboo has all the elements of a blue chip available at a discounted price. Don't miss out on Raboo – prices may never be this low again.
💞This is not a formal investment invitation, please do your own research.
#Web3 💋Illuvium co-founder announces GameFi is coming back.
💝GameFi, once a popular keyword in the cryptocurrency market, is currently experiencing a strong resurgence. This revival is driven by innovative developments, market adaptation and a growing global player base.
💗This technology is not a growing trend but a transformative movement in the gaming industry.
💕Play-to-earn model Kieran Warwick, co-founder of Illuvium, talks about Southeast Asia's pivotal role in GameFi's resurgence. According to him, Southeast Asia, with its young, tech-savvy population and high cryptocurrency adoption rate, is an important factor in this field.
💘The region loves mobile and accessible gaming platforms that integrate blockchain technology with localized content and mobile-first strategies to attract players across regions. Emerging Markets. Likewise, social and cultural trends also greatly influence the development of GameFi.
💥Participants can get AXS tokens by breeding Axies and selling them on the market. This has caused a wave of breeding as players aim to produce as many Axies as possible to maximize their token income. For this reason, Warwick emphasizes the importance of balancing resource scarcity in the game with accessibility.
💕This is not financial advice, so do your own research.
💔Please register to support me, to be more motivated.
$Five months after the Bitcoin spot ETF was approved, financial investors remain skeptical about the largest digital asset. In contrast to this status quo, Lynn Martin, President of the New York Stock Exchange (NYSE), praised the ETF's resounding success in an interview on Friday.
“I think you can't argue with the success of the Bitcoin ETF and the liquidity it brings to the underlying markets.”
Earlier on Wednesday, Martin revealed her stance on digital assets, saying she fully embraced cryptocurrencies and that the NYSE would consider trading them if the cryptocurrency market had clearer regulations.
Meanwhile, American financial advisors still have a skeptical view of investing in Bitcoin ETF. Despite the enthusiasm surrounding the Bitcoin ETF, including its recent achievement of reaching 1 million BTC in assets under management (AUM), these experts remain cautious about the number one cryptocurrency. Most advisors stated that they “do not initiate conversations or answer client questions about ETFs” due to two major concerns: volatility and regulatory uncertainty .
Before the launch of the Bitcoin ETF, these advisors had previously cited Bitcoin's high volatility as a reason for their skepticism.
However, many of these advisors believe that steady ETF inflows in the coming years will reduce Bitcoin's volatility, making it more acceptable.
Fetch.ai (FET) Price Could Fall Below $2, Here's Why?
Fetch.ai received no interest from investors Fetch.ai price could see a further decline as its investors are bearish at the moment. The first sign of this is evident in the asset's network growth, which refers to the formation of new addresses on the network.
This is essential in determining whether the project is gaining or losing traction in the market. In the case of FET, the network's growth rate has dropped to a seven-month low, suggesting that investors do not see much incentive to transact on the network.
FET Price Prediction: Major support is about to be invalidated Fetch.ai price is hovering just above the $2.22 support level. This level has acted as resistance in the past and sustaining the price above this level is key to ensuring a breach of $2.49.
This price level has been breached a few times in the past two months, but Fetch.ai price has not been successful in closing above it. Given the aforementioned factors, FET could fall to as low as $1.95.
Lido (LDO), the liquidity staking protocol for the Ethereum (ETH) and Polygon (MATIC) blockchains, increased in price significantly in the past 24 hours after the US Securities and Exchange Commission (SEC) approved the applications Signed the long-awaited Ethereum spot ETF on Thursday.
The protocol's native token, LDO, has successfully reclaimed $2.30 and is looking to break out of a month-long downtrend structure that has existed since the market correction in April.
Will the LSD industry skyrocket after the decision to approve Ethereum ETF? According to the report, the SEC's approval of the Ethereum ETF was detailed in a formal filing, emphasizing that the proposals meet the provisions of the Exchange Act and related regulations governing stock exchanges. national contract.
The Commission has determined that proposals from notable entities such as BlackRock, Grayscale, Bitwise, VanEck, Ark Invest/21Shares, Invesco Galaxy, Fidelity and Franklin Templeton all meet the requirements to prevent fraud and manipulation. financial crisis, investor protection and community interests
Lido (LDO), the liquidity staking protocol for the Ethereum (ETH) and Polygon (MATIC) blockchains, increased in price significantly in the past 24 hours after the US Securities and Exchange Commission (SEC) approved the applications Signed the long-awaited Ethereum spot ETF on Thursday.
The protocol's native token, LDO, has successfully regained $2.30 and is looking to break out of the month-long downtrend structure that has existed since the market correction last April. $BTC $ETH $BNB
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$BTC In the current period, the situation in the world and in Southeast Asia has many complex issues, both political, diplomatic and military. Therefore, paper money is increasingly lost. Instead, digital currencies and virtual currencies are dominating the market.Businesses have been paying salaries through accounts, not using cash.Coins are expected to one day dominate the market because they are safer from attacks in Eastern European countries. Especially between Russia and Ukraine, it is increasingly fierce.
$BTC ##$BTC ,The Puell Multiple indicator falling after the Bitcoin halving event is a phenomenon that may have a number of implications and implications for the market. Halving occurs approximately every 4 years, halving the mining reward per block, directly affecting miners' income. When rewards decrease, miners' daily revenue also plummets, unless the price of Bitcoin grows enough to compensate for this decrease. A reduction in new Bitcoin supply could create upward pressure on prices, especially if demand continues to increase. Investors could interpret the drop in the Puell Multiple as a sign that the market is adjusting to a new phase of scarcity, potentially preparing for a recovery. Therefore, this phenomenon could signal a correction period in the mining market, affecting the supply and demand of Bitcoin and possibly causing large price fluctuations in the future. #btc
Rumors surface that the United States will reject spot Ethereum exchange-traded funds next month.
This information has not yet been confirmed by any official but the rumor has some credibility due to there being no positive signals from the SEC regarding the approval of an Ethereum ETF.
The impact of ETFs on cryptocurrencies could be significant. Bitcoin ETFs – which allow institutional investors to gain exposure to Bitcoin without the hassles of direct ownership – have amassed net inflows of about $12.1 billion in just four months of launch.
However, the dynamics of Ethereum are different from Bitcoin. Ethereum does not have the same attractiveness as Bitcoin (considered as a store of value) in the eyes of institutional investors. As a result, many speculate that the Ethereum ETF may not generate the same wave of investment enthusiasm as the Bitcoin ETF, due to Ethereum's distinct use cases and investor base, much like stocks. more traditional.
ETH price has experienced a significant pullback as FOMO ETF traders began selling their shares following rumored rejections and are struggling below key levels.
If the Ethereum ETF is indeed ultimately rejected, the market could enter a broader correction. However, because Ethreum focuses on decentralized finance and applications, the long-term impact of the ETF on the network is not appreciated. The main drivers for Ethereum remain fees from dApp usage, overall growth of the cryptocurrency market, and technological advancements.
#Giaodich_UytinhP2PVN The memecoin sector is constantly evolving and new tokens are constantly being launched, some of which have attracted the attention of traders within days and even hours of launch.
🖕The latest trend in this space seems to focus on cat-themed cryptocurrencies. Among the 15 hot trending memecoins in the past 24 hours, there are 6 cat-themed tokens. ✌️MEW's market capitalization surpassed the $800 million mark on April 3, briefly making it the 131st largest crypto asset before the price dropped and slid to 152nd place.
👌The current trend in the memecoin sector appears to be much different from the trend observed during the 2021 bull run when dog-themed assets such as Dogecoin (DOGE), Shiba Inu (SHIB) and Floki Inu (FLOKI) has become the focus.
🖖On the other hand, the largest cryptocurrencies in this segment are still poised for a significant rally and could dominate once again. DOGE was recently predicted to reach an all-time high of $1.00, while SHIB is predicted to reach a new peak if it overcomes the key resistance level of $0.000033.
🖐One thing to note is that trading memecoins is inherently risky, as their value is often driven more by hype than underlying fundamentals, so please do your own research before Invest to avoid heavy losses.
Dogecoin (DOGE) fell sharply on April 2 and fell below the $0.19 breakout level, signaling that traders are aggressively taking profits. The DOGE/USDT pair continued to decline and slipped below the 20-day EMA ($0.18) on April 3, but the long tail on the candlestick showed solid buying at lower levels. If buyers push the price back above $0.20, it suggests that the correction may be over. The bulls will then attempt to challenge the $0.23 resistance. Conversely, if the price turns down and sustains below the 20-day EMA, it will indicate that any minor rallies are being sold. The pair could then drop to the 50-day SMA ($0.14).
Next week will see approximately $106 million in tokens entering the market. Investors should prepare in advance for volatility around unlocking – which is often a bearish catalyst as traders tend to get stuck in liquidity exits.
There are three notable cliff unlocking events next week, including:
1. Yield Guild Games
First on the list will be the Yield Guild Games ecosystem, which will unlock 16.69 million YGG tokens on March 27, worth $13.55 million at current exchange rates. Accounting for 5.39% of the network's circulating supply, the tokens will be allocated to the community, founders, treasure, and investors.
2. SingularityNET
On March 28, SingularityNET will unlock 8.84 million AGIX tokens worth $9.18 million, representing 0.69% of the network's circulating supply, and will be allocated to the AGIX-ADA utility.
3. Optimism
Next week's largest token unlock event will take place on the Ethereum Layer 2 Optimism network on March 29, releasing 24.16 million OP worth $82.62 million, representing 2.40% of the circulating supply. Tokens will be distributed to core contributors and investors.
A total of 106.40 million USD will be unlocked for Cliff next week. Unlocking events can provide participation opportunities for sideline investors by taking advantage of short-term volatility. Active traders know how to profit by trading around these events.